Assess employee ownership options
The VEOC's Business Assessment offers a comprehensive, multistep evaluation to determine if transitioning to employee ownership aligns with your business objectives and personal goals. We’ll help you consider the options from all angles and offer tangible resources and action steps no matter what you decide.
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A sale to employees offers business owners a unique avenue to plan their exit strategy at their preferred pace. By gradually transferring ownership to employees, you gain the freedom to step back gradually, ensuring a smooth transition while maintaining a stake in the success of the business. This approach allows you to navigate your exit on your terms, fostering continuity and stability while enabling you to gradually embrace new opportunities outside the business.
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Selling your business to your employees is a great way to show that you value their contribution and hard work while fostering a deeper sense of belonging and motivation among employees. Additionally, employee owners will be more committed to the success of the business, and talented workers will be attracted by the opportunity to build wealth over the long-term.
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A sale to employees can allow for significant tax savings for selling owners through the ability to defer paying capital gains taxes by reinvesting proceeds into qualified replacement property. These savings can more than offset for premiums that may have been offered in an open market sale.
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When a business owner sells to employees rather than to an outside buyer, their legacy continues to grow with the business while they pursue their hobbies, spend time with family, travel, and enjoy retirement. Each employee owner contributes to that legacy by carrying forward the business with the shared values and culture that have been nurtured from the start.
Better for your business.
Better for your employees.
Better for you.
An employee ownership conversion can be an elegant solution to a number of challenges that most business owners face at some point or another, such as who to entrust with their business when they are ready to retire and how to receive fair compensation for years of hard work when they decide to sell. In addition to providing a solution to both of these two key concerns, a sale to employees offers business owners flexibility to exit the business at their own pace, the comfort of knowing their business is in capable hands, and a legacy that extends well beyond their retirement.